Prefilled Syringes Market Share

Europe Market Forecast

The market share of prefilled syringes in Europe, amongst the market in all the other regions, is projected to be the largest with a share of about 41% by the end of 2037. The growth of the market can be attributed majorly to the increasing geriatric population. As the older population grows, there is predicted to be a growing demand for healthcare services in the region, including the usage of pre-filled syringes to administer medication. For instance, pre-filled syringes have a number of advantages, including their simplicity of use, which is crucial for senior patients who may find it difficult to handle conventional vials and syringes. Also, the demand for some pharmaceuticals, such as vaccinations and biologics, which are frequently administered via pre-filled syringes, is probably going to rise as the older population in the area continues to rise. Further, the growing adoption of self-injection devices in the region, along with the expansion of the biologics and biosimilar market, are also anticipated to contribute to the market growth in the region. In addition, the growing investment in injectable pharmaceuticals and rapid vaccination drive is also anticipated to boost the market growth during the forecast period. According to statistics, Europe had over 15% of old people in 2021.

APAC Market Statistics

The Asian Pacific prefilled syringes market is estimated to hold the second largest, share by the end of 2037. The growth of the market can be attributed majorly to the increasing use of injectable drugs. For instance, injectable drugs are increasingly required to treat a variety of chronic disorders, such as diabetes, cancer, and autoimmune diseases, as the region's population continues to age and increase. Pre-filled syringes are becoming more and more common in the area as they are simpler to use and safer than conventional syringes and vials. Particularly for patients who self-administer their medication at home, they provide a more practical and effective method of medication delivery. Further, the increasing technological advancements in the field of prefilled syringes in the region and the surging geriatric population are also anticipated to boost the market growth during the forecast period.

North American Market Forecast

Further, the market in the North America, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the increasing incidence of chronic disorders. For instance, the need for pre-filled syringes is also anticipated to increase owing to the rising aging population in the region. As people get older, their immune systems deteriorate, making them more prone to chronic illnesses that need long-term medicine. Pre-filled syringes have grown in popularity in the area as they are a convenient, safe, and accurate method of administering a variety of medications, including biologics, vaccinations, and biosimilars. As more patients are given chronic disease diagnoses, there will undoubtedly be an increase in demand for these medications and pre-filled syringes. In addition, the region's expanding healthcare infrastructure and rising growing use of increasing usage of injectable medicine is also anticipated to boost the market growth during the forecast period.